An Inside Look At America's Growing Dependence On Pawnshopshttp://www.businessinsider.com/get-an-insider-peak-into-how-pawn-shops-work-2011-12/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Mon, 19 Mar 2018 11:13:05 -0400Madeleine Scintohttp://www.businessinsider.com/c/4eddeaf3eab8ea580e000036vanillaexplosion99Tue, 06 Dec 2011 05:14:11 -0500http://www.businessinsider.com/c/4eddeaf3eab8ea580e000036
In North Carolina the pawnbrokers fee is the problem. Interest and pawnbroker fee is 22% a month on a loan. The state allows the broker to sell the pawned merchandise after 60 from the maturity of the first 30 day loan. So 90 days total. Hence a $100 loan will cost you $166 to retrieve your item pawned at the 61th day until 90th day. As far as gold the phenomenon is that gold is being remonetized. In the past lower classes owned no gold;only the wealthy and governments owned gold. Gold was always money but jewelry has been made in mass using money(gold) to form it in the past 100 years(rise of the American middle class century). So things are coming full circle now and the gold is being made into money again. Soon the middle class and lower will have no gold to sell and will be to poor to buy gold.http://www.businessinsider.com/c/4edd8a57eab8eaf97400002awillien1derlandMon, 05 Dec 2011 22:21:59 -0500http://www.businessinsider.com/c/4edd8a57eab8eaf97400002a
What is the difference betweem a liquidity swap & a trip to the pawn shop - the collateral taken to the pawn shop is probably of higher redeemable value - we are all sub prime now!http://www.businessinsider.com/c/4edd80976bb3f75805000030AstropigMon, 05 Dec 2011 21:40:23 -0500http://www.businessinsider.com/c/4edd80976bb3f75805000030
Looks like we're draining our wealth to pay our usurers/masters. Easy credit has a price.http://www.businessinsider.com/c/4edd12c2eab8eaf317000054What??Mon, 05 Dec 2011 13:51:46 -0500http://www.businessinsider.com/c/4edd12c2eab8eaf317000054
Hey...at least Obozo is creating jobs somewhere.